Korean Comapny
Unbiased History & Stories on Korea for Global Audience
Sponsored by Open Korea Foundation
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NCSOFT taps ex-Pearl Abyss US head to lead N.America unit
Jin Jeonghee was appointed as the new head of NC America NCSOFT Corp., South Korea’s major gaming company, said on…
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SK Telecom, Nokia to cooperate on AI-based network tech
South Korea’s SK Telecom Co. announced on Monday that it signed a memorandum of understanding (MOU) with Nokia to commercialize…
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S.Korea’s top three tire makers sell 45 mn units in H1 2024
South Korean tire manufacturers have nearly reached sales of 45 million units in the global market during the first half…
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Korea opens probe into Woori’s loans for ex-chair’s relatives
Woori Financial Group’s former Chairman Sohn Tae-Seung (Courtesy of Woori) South Korea’s financial watchdog said on Sunday it has found…
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Half of imported EVs in Korea run on Chinese batteries as EV fires rise
Police are investigating the cause of a fire involving a Mercedes-Benz EV in Incheon, Korea Of 58 electric vehicle models…
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Korea seeks to curb China’s offshore wind farm dominance
A floating wind farm South Korea will prioritize non-price factors such as economic security and contributions to the domestic supply…
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Kolon to invest $94 mn in industry film JV with SK Microworks
Kolon Industries’ researcher showcases PET film manufactured with recycled plastics in May 2021 (File photo by Kolon Industries) South Korea’s…
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LIG Nex1, Palantir join forces on AI weaponry
LIG Nex1 Co., a leading South Korean defense contractor, is teaming up with US artificial intelligence (AI) specialist Palantir Technologies…
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(PLS EDIT, DO NOT PUBLISH) Electrification, Hyundai Mobis’ growth engine for future mobility
Hyundai Mobis unveils the MOBION EV, equipped with the next-generation e-corner system motion technology, at CES 2024 (File photo by…
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SK Earthon wins Australian carbon storage exploration rights
Seoul-based SK Seorin Building, in which SK Earthon is headquartered (Courtesy of SK) SK Earthon Co., the energy resources exploration…
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Hyundai Elevator joins forces with Kakao Mobility for integration services
Cho Jae-cheon, CEO of Hyundai Elevator (left) and Ryu Geung-seon, CEO of Kakao Mobility South Korea’s Hyundai Elevator Co. said…
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Korean firms rush to sell bonds with yields at over 2-yr low
(Courtesy of Getty Images) South Korea’s corporate bond markets are having an unusual busy summer as companies are rushing to…
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Gas maker Air Products Korea put on sale for around $3.6 bn
Air Products Korea’s factory in Ulsan (Courtesy of Air Products) US industrial gas maker Air Products and Chemicals Inc. has…
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LG unveils Korea’s 1st open source AI to take on Meta, Google
LG AI Research President Bae Kyunghoon (File photo by LG Corp.) LG Group, South Korea’s fourth-biggest conglomerate, on Wednesday introduced…
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PE firms seek to buy Korean explosives maker for $218 mn
Koryo Nobel Explosives’ industrial explosive New Superemulsion Star (File photo, courtesy of Koryo Nobel) A private equity consortium seeks to…
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Samsung signs wind turbine structure supply deal with Equinor
Anders Opedal (left), chief executive of Equinor and Choi Sungan, CEO of Samsung Heavy Industries (Courtesy of Equinor) South Korea’s…
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PUBG’s Krafton taps ex-Apple, Samsung execs for global business
(File photo by Krafton) South Korean gaming giant Krafton Inc., renowned for its mega-hit PlayerUnknown’s Battlegrounds (PUBG), hired former executives…
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Hyundai Motor mulls connected car partnership with Google
(Courtesy of Hyundai Motor Group) Hyundai Motor Group is accelerating its efforts to join hands with global tech companies to…
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Korean e-commerce startup funding sharply drops since 2022
Cardboard boxes of online shopping concept (Courtesy of Getty Images) South Korean e-commerce companies have seen a sharp decline in…
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HI Investment & Securities changes its name to iM Securities
HI Investment & Securities Co. was rebranded as iM Securities after it held an extraordinary shareholders’ meeting at its headquarters…
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South Korean beauty device makers bulk up through M&As
Lutronic’s monopolar radiofrequency (RF) beauty medical device XERF South Korean beauty device manufacturers are aggressively pursuing mergers and acquisitions both…
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Celltrion’s Zymfentra joins US insurance-covered drug lists
South Korean biosimilar maker Celltrion Inc. said on Monday that its subcutaneous injection formulation for autoimmune diseases, Zymfentra (infliximab), has…
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Hyundai Glovis, Huayou join hands for EV battery recycling
(Courtesy of Getty Images) Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, teamed up with a…
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MLOps startup Vessl AI eyes 50% sales from US in 2025
Vessl AI CEO An Jaeman poses for a photo in front of Vessl AI’s office in Seoul, South Korea (Courtesy…
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Korean shipbuilders in talks for $6.6 bn Qatar LNG tanker deals
LNG carrier built by Samsung Heavy Industries (File photo by Samsung Heavy Industries) South Korean shipbuilders are in talks with…
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South Korean stock market crashes; more falls ahead
The Kospi suffers the biggest point loss in its history on Aug. 5, 2024 The South Korean stock market was…
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Korean tech stocks suffer falls despite strong Q2 results
Despite strong earnings in the second quarter, 60% of listed companies saw their stock prices decline Some 60% of the…
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Will Samsung benefit from Nvidia’s new AI chip delays?
Nvidia Blackwell (File photo downloaded from Nvidia website) Samsung Electronics Co., the world’s top memory chipmaker, is likely to benefit…
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Activist fund KCGI to buy Hanyang Securities for $180 mn
KCGI CEO Kang Sung-boo (File photo by Eun-Koo Kang) South Korean private equity firm KCGI Co. is likely to acquire…
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Jeju Air seeks M&A, igniting a race for top place in Korean LCC market
Jeju Air’s B737-800 aircraft Jeju Air Co., a leading South Korean low-cost carrier (LCC), will likely seek acquisition and merger…
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S.Korean stocks log largest daily loss since pandemic
The Kospi index hit a nearly two-month closing low of 2,676.19 South Korean stock market dropped more than 3% on…
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Samsung invests in US AI security startup Protect AI
The founders of Protect AI (Screenshot captured from Protect AI website) Samsung Venture Investment Corp., Samsung Electronics Co.’s venture capital…
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S.Korea, China’s technology leak, anti-dumping disputes surge
(Courtesy of Getty Images Bank) South Korean companies are getting tough on anti-dumping and patent infringement cases as they feel…
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Asicland, FADU to jointly develop eSSD controller
South Korean semiconductor design house Asicland Co. said on Thursday it signed a $19 million contract with the domestic fabless…
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Woori Financial restarts brokerage service after decade
Woori Financial Group headquarters in Seoul Woori Financial Group has made its comeback to South Korea’s brokerage service market after…
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SoftBank-backed Tridge in trouble amid Korean startup doom
(Captured from Tridge website) Tridge Co., South Korea’s first agricultural product and food trading platform operator invested by SoftBank Group…
